Exhibit 20-4 Below You Are Given a Payoff Table Involving Two States

question 20

Multiple Choice

Exhibit 20-4
Below you are given a payoff table involving two states of nature and three decision alternatives. The probability of occurrence of S₁ = 0.3.
-Refer to Exhibit 20-4. The expected value of alternative C is

• A)10.2
• B)13.2
• C)12.9
• D)26

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Definitions:

Turnover

The rate at which employees leave a company and are replaced by new hires over a specific period.

Intentions

The plans or desires an individual has to perform or refrain from specific actions in the future.

Organizational Citizenship Behaviour

Voluntary actions performed by employees that contribute to organizational well-being and go beyond their explicit job duties.

Workforce Satisfaction

The level of contentment employees feel about their job and work environment, including factors like their tasks, compensation, and company culture.